Litigation finance is experiencing dramatic growth. The fledgling industry is extremely attractive to many people. It allows corporations and law firms to minimize their risk when pursuing expensive litigation.

The concept was originally designed to help plaintiffs entangled in lawsuits with wealthy benefits. Since then, new regulations have been put into to place that are favorable to people in the industry.

The surging popularity of litigation finance is like the gold rush. The impressive returns posted by law firms are drawing in new people.

Corporations can enter the litigation finance industry by connecting with the right investor or law firm.

Keep reading to learn more about corporations and litigation finance.

Who Benefits from Litigation Finance

Litigation finance, in its simplest form, means that a third party unconnected to the lawsuit fronts the expenses of the plaintiff. If the lawsuit is successful, they recover their costs as well as a fee.

A business owner might be interested because they need a constant supply of capital. If your business is in the midst of a growth spurt, you need funds to meet customer demands. You can’t afford to divert money toward a lawsuit.

Once you’re in that situation, you only have a few options. You can neglect to file the suit and allow the defendant to get away with it. You could potentially lose a lot of money with this strategy.

Or you can pay for the lawsuit yourself and let your business suffer.

The third option might be the best. You can have an outside company fund the lawsuit so you’re not pressed into paying for anything until your settlement arrives.

Law Firms

Law firms benefit from litigation finance as well. It’s a way for them to make on a lawsuit in advance. The firm can then use the funds for a variety of purposes.

A financial firm won’t agree to take on the risk unless certain requirements are met. A risky, uncertain lawsuit isn’t a good choice for litigation finance. The investor needs to feel confident that they’ll be able to collect on their investment.

Most deals involve companies and investors working together on single lawsuits. However, some financial firms are beginning to create portfolios of multiple cases that they’re funding.

Investors

Financial firms can make a lot of money financing lawsuits. The key is to work with strong companies that have a legitimate grievance. There are many lawsuits where experienced legal minds can predict what’s going to happen.

Settlements decisions are often not a surprise. This allows investors to make smart decisions about which lawsuits to support.

How to Get Involved

If you’re interested in litigation financing options for your company, you need to get a clear understanding of the situation. Is your potential lawsuit one that would look attractive to investors? Can you afford the debt whether you win or lose the case?

Everyone who wants to learn more about litigation finance should attend the General Counsel Forum on Litigation Finance. You can register for the event here.

To say that big data is revolutionizing the way we conduct business is the understatement of the century. The digital reporting firm McKinsey Analytics published a report in 2018, called Analytics Comes Of Age, offering all kinds of interesting insights into big data platforms.

According to McKinsey, 50% of business owners report big data and analytics have fundamentally changed the way they conduct sales and marketing.

Big data is still speeding up. Business owners are predicted to be spending $56 billion on big data, annually, by 2020.

Let’s learn how you can make the most of big data platforms and analytics.

How To Make The Most Of Big Data Platforms and Analytics

It goes without saying, but there are numerous big data platforms to choose from. You’ll need to decide which big data platform will best suit your individual needs before you get started.

Examples of Different Big Data Platforms Include:

Hadoop clusters

Spark

NoSQL

Traditional databases

Each of these big data platforms has their own format. This means that you’ll need the right analytics engine, depending on you big data’s format.

Redoing your big data platform or your analytics dashboard, however, can be costly and time intensive. You’ll want to decide on all of that ahead of time to make the process as seamless as possible.

How To Pick The Right Big Data Analytics Solution

There are many, many big data analytics platforms out there. We’ll be focusing on a few of the most popular, to help familiarize you with the landscape.

Hadoop Spark

Hadoop is one of the oldest big data platforms on the market. This means there are a lot of different big data analytics solutions for the software library.

Apache Spark is one of the most popular. Apache is also responsible for Hadoop, so it makes sense that their analytics engine would be one of the most powerful and popular.

Apache Spark features contributions from over 750 different developers from over 200 organizations. Some of the biggest corporations on Earth are already using Spark.

IBM BigInsights

IBM BigInsights is an open-source big data platform that is powerful enough for enterprise-level big data analytics. As an added bonus, it’s also a big data management system in its own right.

IBM BigInsights features a Data Science mode, with deep, powerful visualization tools as well as a development suite.

IBM BigInsights is also available in the cloud, making it even more accessible to enterprises, no matter their size.

KUDU

Real-time analytics is the frontier of big data. Organizations are leveraging the power of accessing, sorting and visualizing large amounts of data

KUDU by Cloudera is an innovative storage system for structured tables. This allows for lightning-fast Hadoop queries, making real-time big data analytics a reality.

KUDU by Cloudera was three years in the making. Its build is solid, dependable, and robust. It was created to contribute to Apache HBase and HDFS.

If you’d like to learn more about big data analytics, check out our 2019 brochure.

Want To Learn More About Big Data and Analytics?

Big data is evolving at the speed of thought, as more and more devices get connected to the Internet and produce increasing amounts of data.

Whether you’re looking to master big data platforms or the emerging analytics tools that are hitting the market, you’ll want to sign up for our The Use of Big Data networking lunch.